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News Link • Economy - Economics USA

Fed Chair Unsure If Capitalism or Oligarchy Describes the U.S.

•, By Susan Jones
 Yellen said she'd "prefer not to give labels," but she admitted to being very concerned about income inequality.

"So, all of the statistics on inequality that you've cited are ones that greatly concern me, and I think for the same reason that you're concerned about them. They can shape the -- determine the ability of different groups to participate equally in the democracy and have grave effects on social stability over time.

"And so I don't know what to call our system or how to -- I prefer not to give labels; but there's no question that we've had a trend toward growing inequality and I personally find it very worrisome trend that deserves the attention of policy-makers.

1 Comments in Response to

Comment by Anon Commenter
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HOW much does she get paid?

Just sayin'.

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